The officials unanimously agreed that inflation was still elevated and had not made much progress toward their 2% target in recent months, the minutes said. The Fed increased its key interest rate at the Sept. 15-16 meeting by a quarter-point to about 3.9%, its first increase in three years. The increase defied President Donald Trump's repeated calls for the Fed…
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The incident happened at about 6:09 p.m., according to a news release from Officer Shelbie Boyd, spokesperson for the Tacoma Police Department. Someone approached Bad Boys Bail Bonds in the 4800 block of Pacific Avenue while three employees were inside. Anyone with information about this incident is asked to contact the Tacoma Police Department.”.
AM Best has assigned a Preliminary Credit Assessment to American Sentinel Insurance with a Financial Strength Assessment of A- pca and a Long-Term Issuer Credit Assessment of“ a-” pca. This PCA has an effective date of Oct. 6, 2026. ASIC’ s balance sheet strength assessment also considers a capital contribution in the amount of $8.5 million from SUNZ Insurance…
Two Democrats, Ben Allen and Jane Kim, are both running for California insurance commissioner, a job that has become especially high-profile since the Los Angeles area wildfires in January 2025 created a rift in the homeowners insurance system. The Southern California News Group asked the candidates vying to represent you several questions in order to help…
Carmen Rivera-Rivera, 52, was arrested last week by inspectors from the Medicaid Fraud Control Unit of the Office of the Chief State’ s Attorney and charged with health insurance fraud and first-degree larceny by defrauding a public community. On May 20, the fraud control unit received a complaint that Rivera-Rivera, an employee of the AFL program, had enrolled…
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to“ bbb+” from“ a-” of FMIC Insurance Company. The outlook of these Credit Ratings has been revised to stable from negative. The ratings reflect FMIC’ s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance,…
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of“ a-” and the National Scale Rating of aaa.IN of General Insurance Corporation of India. In addition, the ratings factor in a neutral impact from the company’ s ownership by the government of India. A partially offsetting balance sheet strength factor is the company’ s…
Appeal Court judges in London threw out the convictions Wednesday of five former Barclays Bank traders who were imprisoned for allegedly rigging the London Interbank Offered Rate, the benchmark short-term interest rate for lending between banks, in the run up to the financial crisis. Jonathan Mathew, Philippe Moryoussef and Colin Bermingham, who were based…
If Federal Reserve Chair Kevin Warsh thinks he has a difficult inflation challenge with Trump breathing down his neck for lower interest rates, he should spare a thought for Christine Lagarde, the president of the European Central Bank. While inflation has been rising, France appears to be on the cusp of a full-blown government bond market crisis due to the…
Carpe also found its modeled value of contradictory alerts increased from $230.6 million in 2024 to $263.8 million in 2025 across its platform, based on reported outcomes from carriers. The highest insurance fraud is not in the most densely populated regions: Connecticut, Nevada, South Carolina, Delaware, and Georgia ranked as the top five U.S. states with the…
Peyton AI ® today launched an AI-powered triage platform for medical negligence claims, built to help law firms, malpractice insurers and hospital risk teams learn in minutes whether a case merits further investment, a call that typically takes months of record review and an initial expert report. In a validation study of more than 1,000 closed cases, the…
Roughly 10,000 immigrants in Washington are losing their Medicaid health coverage due to federal cuts Republicans in Congress approved last year. On Thursday, a provision in President Donald Trump's signature tax cut and spending law stripped Medicaid coverage for refugees, asylees and other lawfully present immigrants, including people who fled the war…
Abdul El-Sayed, the Democratic candidate for Senate in Michigan, has a simple pitch to voters. Imagine, he says, a health-insurance plan with "no premium, no copay, no deductible— just healthcare when you need it." Yet a more pragmatic reform agenda would serve Democrats better in the midterms and serve Americans better over the long term….
As announced last week, President Trump has approved Ohio's major disaster declaration for the storms and flooding that occurred Aug. 10– 23. U.S. Congressman Troy Balderson has shared the following information on how to apply for flood-related disaster assistance:. If you have homeowners, renters, or flood insurance, please file your insurance claim before…
ELYSBURG— Klebon Insurance Group announced that Liam Klebon has joined the company. As part of his role with Klebon Insurance Group, Klebon is working toward obtaining his property and casualty insurance licenses through Erie Insurance. This training, according to Klebon Insurance Group, will help him further develop his knowledge of the insurance industry…
The Cap Times is an independent newsroom serving Madison and Wisconsin. Dane County hasn't fully solved its budget concerns, with the county executive recommending a plan for next year that would again dip into the county's coffers to balance the budget. County Executive Melissa Agard, in her second year leading the county, introduced her budget plan at an Oct. 1…
Higher energy prices translate to both higher inflation and rising 10- year Treasury yields. "With inflation still running well above target and no sustained relief from lower oil prices, the path of least resistance for rates remains higher," says Nicole Rueth, senior vice president at CrossCountry Mortgage. The Mortgage Bankers Association and Fannie Mae…
CLEVELAND& DALLAS—- Align Capital Partners’ national insurance investigative services platform Advantage Investigations recently completed the acquisition of NorStar Investigations. The business primarily serves general liability insurance carriers, third-party administrators and law firms throughout New York, New Jersey and Pennsylvania.
BALTIMORE, MD Attorney General Anthony G. Brown today announced that Baltimore County insurance agent Gregory A. Maslow, 72, of Owings Mills, Maryland, pleaded guilty to a four-year scheme to steal more than $100,000 worth of commissions from the sale of life insurance policies. The investigation was led by the Attorney General's Fraud and Corruption Unit and…
